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Bank Nifty - Getting ready for another bull run
Nifty Bank Index
Long
Bank Nifty - Getting ready for another bull run
By Novicetrader2015
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Updated
May 21, 2021
4
May 20, 2021
Bank Nifty has formed a bullish flag on 15 and 30 min TFs after making a double bottom in bigger TFs.
Looks good for another 1000-1500 rally minimum
Consider to go long in bank nifty in coming sessions once 34150 is broken and sustained in 15-30 minute candle.
P.S. Flag view gets negated if 33450 is broken in 30 minute candle close
May 21, 2021
Trade active
Made a high of 34450, can book 50%
May 21, 2021
Trade closed: target reached
Bumper profit, book full
bankniftytrend
Double Top or Bottom
flagformation
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Novicetrader2015
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